$Moderna, Inc.(MRNA)$For those vested in Moderna, I mentioned not to chased because when selling come, the selling pressure will be high at such a price.
Same play for the rest of Biotech stocks that rise on news, revenue and hype.
Moderna is a life saving stock, stock with many vaccine in the pipelines but currently only one approved product. If the big fishes are kind enough to push back high, please do a serious reconsideration. It a stock meant for long term play in years to come. Not short term play.
Chairman, CEO and others have been constantly selling since last years. The news of share buy back program was meant to buffer when it drop but not to sustain and let the stock hit higher and higher. Institution has been vested since last year below 100$ just before FDA approval.
Guess who laughing to the bank at the end of the day. Just remember big fishes cash out when price is high not when price is low. Supply and demand in play.
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